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in 2013. i will reveal that on thursday. i want to say thank you to you, ali always calls us her work husbands. you've been like my work brother on and off camera. thanks to all the viewers who thousands of thaws, it humbles me. i will miss you all. i will miss the show and miss the network. happy new year. gregg: this is it. we are just hours away from falling off the so-called fiscal cliff. tax hikes for nearly every american. lots of different ones. spending cuts of totaling more than a trillion dollars. by all indications, nothing, we mean nothing has changed on capitol hill. senate majority leader harry reid saying significant distance remains between the two sides. good morning everyone, i'm gregg jarrett in for bill hemmer here in "america's newsroom.". >> i'm heather childers in for martha maccallum the senate gavels in at 11:00 a.m. we'll see if there was some miracle overnight. gregg: i doubt that. yesterday, republican senate leader mitch mcconnell made an emergency call to the vice president joe biden in an evident to jump-start negotiations. heather: if no deal is haed ou
on monday. fox business network's stuart varney joins us now. hi, stu. you say this is the big story people aren't talking about? >> it is a sleeper issue, patti ann. on monday the government officially runs out of money and it can not borrow anymore. so it will have to shift all kind of cash around to make sure they can pay their bills and maybe they can do that for a couple of months. means you can kick the can, eight weeks be maybe, until the absolute crunch comes. there are consequences to this. it could be that america will be downgraded again. after all back in august of 2011 the last time we had this debt ceiling crisis, we were downgraded, no longer aaa. they're threatening the same thing again if we can't get a deal this time around and again the government runs out of money come monday. it is a very big deal. it is pressing right upon us and new year's eve is the right upon us. patti ann: what a happy new year's eve we'll have. any impact on mortgages? >> no. no impact on mortgages that is an opinion. ben bernanke says look, i will spend $45 billion each and every month buying mor
. there is a picture of her. join us on the an the show show. >> gretchen: merry christmas, everybody. >> clayton: merry christmas. press zones and spending time in a louisiana hospital, u.s. marine veteran john hammar is on his way home just in time for christmas. good morning everyone, i'm greg jat in for. >> i'm martha maccallum. after spending for four months in prison in mexico on a questionable gun charge. hammar was arrested when he tried to cross the border with a antique shotgun his family said was an heirloom. steve harrigan is live. >> reporter: after four long months the 27-year-old former marine was released from the notorious prison late friday night after several hours of paperwork. he was accompanied by u.s. consular officials from the border between mexico and texas. he met his father and the two began the drive home. they had to stop off yesterday in a hospital in louisiana room in louisiana, john hammar suffering from the stomach flu. having trouble keeping food down. the goal was to get him home for christmas. looks like it will happen now. heather? >> steve, quite an ordeal f
. tonight he gets emotional and it's a great fox files. >> steve: kenny thomas will join us in the after the show show. we might not see you next week. have a merry christmas, everybody. . bill: good morning, everyone. we will hear from speaker john boehner puzo did not go through. he could not get the support from his own party to pass the vote. the vote happened late in the night last night. we wonder what he says today and where we go. fireworks happening today, welcome to "america's newsroom." i am bill hemmer "zero dark martha: hello, i am martha mccallum. speaker john boehner's news conference is expected to address what we will do now. he will basically, i would imagine, say we have not been able to get these things together. >> he has said that the senate democrats need to come up with a plan and expose it. there was a lot of turmoil inside the republican party right now. here he is talking we lassman about that. >> out of the with the number is. say the number is 40. it's the same 40 chuckleheads that started with hr-1. and he has done everything in his power to bring them along
since 2008. stockton, california was a big story. that was the biggest u.s. city to seek protect from creditors and there may be others in the pipeline. bill: negotiations on that fiscal cliff and his first one-on-one television interview since reelection president obama says he will only agree to a deal that raises tax rates on top earners. >> we are not going to simply cut our way to prosperity or cut our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because they are wealthy. it's a simple proposition that you can't raise enough revenue and if you don't raise enough revenue through closing loopholes abductions, it's going to be middle class families that make up the difference. bill: john boehner will speak later this hour. we'll see how he responds to that comment. if washington can't get a deep, automatic tax increases and massive spending cuts do take effect. martha: west virginia senator joe manchin,
Search Results 0 to 4 of about 5